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Xemplar Energy sells Quebec uranium property to Virginia Energy Resources
Xemplar Energy (TSX.V: XE) and Virginia Energy Resources (TSX.V: VAE) announced that Virginia is exercising its option to take a 100% interest in the Otish, Québec uranium property.
The property includes four claim blocks totalling 52,549 hectares. Work by Virginia in 2008 and 2009 identified several drill-ready uranium prospects.
In addition, the Péribonka property completely surrounds the Lavoie property which hosts the historic, high-grade Seru “L” zone uranium-gold deposit. Abitex Resources is earning a 50% interest in Lavoie from Areva Resources Canada and SOQUEM Inc.
Virginia will issue 1.2 million shares to Xemplar Energy in payment, and Xempler will retain a 3% NSR royalty.



















